Solar water heaters in India- Understanding the benefits, Cost, Subsidies for buying heaters
Solar Water Heaters are the one of the solar products which has managed to cut off the government subsidy. Solar power in India has the advantage with the JNNSM subsidy policy promoting by government. The paying back period is too short, and it also replaces the need of electric water heaters used in houses and commercial environments where sometimes they may face a scarcity of electricity supply to their places. The other various reasons for the popularity of solar water heaters are that it can be built easily and can be installed with ease. Here, China has moved a bit towards success in making most installed solar water heater in the world than any other country. India is also not lagging behind and showing its growth towards installing the solar water heaters on the roofs of the households in India. It is gaining popularity in India because of the subsidy available through MNRE for buying solar water heaters. Water heaters are available in the market with various capacities, qualities and at the best prices so that it is affordable for people in India. The installing of whole turnkey consists of solar water heaters; piping systems and maintenance is done by our solar installer.
Solar Water Market in India:
We have witnessed in the last 4-5 years that growth in the market has been increased from the past 15 years to 20% CAGR due to certain reasons as specified here. Not only there is an increase in growth but also it has acquired a speed in India’s solar water heater market that is around 2.5 million square meters. The 50 percent of the solar water heater that have been installed is found to be in Karnataka and Maharashtra. India has the potential for receiving very high solar radiations which makes it useful for solar water heater. The solar water heaters are mostly installed by the households, which makes the decline in installations for commercial establishments more than 80%. Commercial establishments are still lagging behind in installing solar water heaters. It is seen that, in India, the growth has reached up to 20%, and around 1 million households have installed solar water heater, which might have cost them at Rs 30000 ($650). You can also be benefited by SWH as it saves fuel and pollution free.
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